3 February 2014
("PHSC", the "Company", or the "Group")
PHSC plc, a leading provider of health, safety, hygiene and environmental
consultancy services and security solutions to the public and private sectors,
is pleased to announce an update on its performance up to the end of the third
quarter of its financial year.
Consolidated Group sales and EBITDA (per management accounts, unaudited) for
the nine months ended 31 December 2013 were as below:
Group sales and other income: GBP 5,715,755 (nine months ended 31 December
2012: GBP 3,856,440).
EBITDA: GBP 475,378 (nine months ended 31 December 2012: GBP 362,800, adjusted
for exceptional item).
Net assets stood at GBP 6,282,881 (at 31 December 2012: GBP 5,488,564)
including cash at bank of GBP 180,000.
Stephen King, CEO, said: "The Group's total revenues are up 48% on this time
last year, and EBITDA is 31% higher than for the corresponding period. All of
the additional revenues and earnings arise from our two most recent
acquisitions, B to B Links Limited and QCS International Limited. The remaining
health and safety-related businesses continue to face challenging market
conditions, but taken together they still account for the majority of Group
income and profit."
"Trading was, as anticipated, noticeably lower over the Christmas and New Year
period, with many clients closed down for the holidays or focussing on other
priorities. In consequence, December's sales figures were adversely affected."
"The board looks forward to a strong final quarter in line with the trend in
recent years and is confident that its previous projection of EBITDA for the
full year of between GBP 700k-750k remains attainable."
For further information please contact:
Stephen King 01622 717700
Northland Capital Partners Limited
Gavin Burnell / Edward Hutton 020 7382 1100
John Howes / Alice Lane
PHSC plc, through its trading subsidiaries Personnel Health & Safety
Consultants Ltd, RSA Environmental Health Ltd, Adamson's Laboratory Services
Ltd, QCS International Ltd, Inspection Services (UK) Ltd and Quality Leisure
Management Ltd provides a range of health, safety, hygiene, environmental and
quality systems consultancy and training services to organisations across the
UK. B to B Links Ltd offers innovative retail security solutions including
tagging, labelling and CCTV.
-0- Feb/03/2014 07:00 GMT
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